The first annual work programme of the new European Commissionwas published in January. The COVID-19 crisis has led to a general reassessment of the program, but the Commission is not expected to delay its most important tax-related projects. Initiatives on ‘Fighting tax evasion’ and ‘Business taxation for the 21st century’ are strategic priorities:
- Commission will publish its Action Plan to fight tax evasion and to make taxation simple and easy
- Organize another conference on the fight against VAT fraud and the promotion of compliance in a digitalised world
- Fiscalis seminar (between the VAT Expert Group and the EU Members) in Estonia on transaction-based VAT reporting
- Definitive VAT regime
- VAT rate proposals
- VAT treatment of Financial Services
- Evaluating the Tour Operator Margin Scheme (TOMS)
- Explanatory Notes for implementation of the 2021 e-commerce VAT package
Source: PwC
Latest Posts in "European Union"
- Comments on ECJ C-101/24 (Xyrality) – Judgment on app stores as VAT commissionaires
- ECJ Confirms Deemed Reseller Rule for App Store In-App Purchases
- VAT Challenges in Toll Manufacturing: Goods vs Services Classification Issues
- VAT and Transfer Pricing – Four recent cases @ ECJ/CJEU – 3 cases decided, 1 case pending
- Briefing document & Podcast: ECJ C-580/16 (Hans Bühler) – Late submission of recapitulative statements should not disqualify a business from exemptions
